Ripple gains final OCC approval to launch national trust bank and bring RLUSD under federal oversight

What happened: Ripple received final OCC approval to launch a national trust bank and bring RLUSD under federal oversight. Reserve management and custody move under federal supervision, while issuance stays with the New York-regulated entity. Why it matters: The approval places Ripple's reserve management and custody under federal supervision, separating those functions from issuance, which remains with the New York-regulated entity.

Ripple received final OCC approval to launch a national trust bank and bring RLUSD under federal oversight. Reserve management and custody move under federal supervision, while issuance stays with the New York-regulated entity.

The approval places Ripple's reserve management and custody under federal supervision, separating those functions from issuance, which remains with the New York-regulated entity.